Question

Vodafone Group, Plc. a U.K. company, is the largest mobile telecommunications network company in the world. The company prepares its financial statements in accordance with International Financial Reporting Standards. Below are partial company balance sheets included in a recent annual report:

Required:
1. Describe the differences between Vodafone's balance sheet and a typical U.S. company balance sheet.
2. What type of liabilities do you think are included in the provisions category in Vodafone's balance sheet?



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  • CreatedJune 24, 2013
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